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BRIEF-China Evergrande Group disposes certain shares in China Vanke Co
June 9, 2017 / 11:41 AM / 3 months ago

BRIEF-China Evergrande Group disposes certain shares in China Vanke Co

June 9 (Reuters) - China Evergrande Group

* Deal for disposal of shares in China Vanke Co., Ltd

* Deal ‍for an aggregate consideration of approximately rmb29.2 billion​

* Group will incur a loss of approximately rmb7.07 billion as a result of disposal

* Hengda real estate and its subsidiaries sold 1.55 billion vanke a shares held to Shenzhen Metro Group Co., Ltd

* Plans to use proceeds from disposal mainly for repayment of debts of group​ Source text for Eikon: Further company coverage:

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